by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Homestead Schools can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does Homestead Schools provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Homestead Schools.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Homestead Schools, 100% of first-time, full-time freshmen received some form of financial aid approximately 6 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,975 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $4,598 |
| State/local grants | 0% | — |
| Federal student loans | 83% | $7,439 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Homestead Schools, some 66% of undergrads got grants or scholarships worth on average $6,098 (covering around 172 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $6,098 |
| Federal Pell grants | 66% | $5,870 |
| Federal student loans | 60% | $10,592 |
Title-IV recipients living on campus saw average grant aid of $4,975.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,765 |
| $30,001 – $75,000 | $14,572 |
| Over $75,000 | $20,937 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,962 |
| Off-campus title-IV students | $15,845 |
For a customized cost estimate, visit Homestead Schools’s online cost calculator: homesteadschools.net/wp-content/uploads/2022/10/hsi.html.
The median federal debt load at Homestead Schools comes to $18,040 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,040 |
| Median federal debt (graduates only) | $18,040 |
| Typical 10-year monthly payment (graduates) | $191.25/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Homestead Schools.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $9,500 |
| 25th percentile | $13,072 |
| 75th percentile | $17,072 |
| 90th percentile (highest-debt students) | $17,074 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,040 |
| Middle income | $18,040 |
| High income | $18,040 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,040 |
| Continuing-generation students | $18,040 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,786 |
| Independent students | $18,040 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Homestead Schools.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Homestead Schools:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1323 |
| Total Stafford loan amount | $20,023,410 |
References
More about our data sources and methodologies.